Me and my partner are about to exchange on the purchase of a property in Shrewsbury but as a result of wreckage from some water damage at the property I have was able negotiate compensation from the seller in the sum of £2k by way of a reduction in the price. This was going to be addressed as part of the conveyancing process however Leeds Building Society will not permit this. Should they have been approached?
Any conveyancer that is on a Leeds Building Society conveyancing panel is obliged to inform Leeds Building Society of any variations to the purchase price. If you prohibit your lawyer to disclose the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancing practitioner for your conveyancing in Shrewsbury.
Finally the sale completed on my house in Shrewsbury last July but my buyer keeps calling every few hours complaining that her conveyancer is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your sale your conveyancer is duty bound to deliver the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your conveyancer must also confirm that the home loan has been redeemed to the purchasers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Shrewsbury.
I am considering applying for a Skipton mortgage for purchase of a new build (under development) in Shrewsbury with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I'm the single recipient of my late father’s estate and I have everything in my name now, including the house in Shrewsbury. The Shrewsbury property was put into my name in March. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the property in March. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Some mortgage companies would take a sensible view as this obligation is primarily there to pick up on the purchase and immediately sell or the quick reselling of property.
We have a mortgage agreed in principle with TSB. Shrewsbury conveyancing solicitors were appointed. How long does it take for TSB to forward the offer to the solicitor?
Some lenders take longer than others. Have TSB completed the survey? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have decided to exercise my right to buy my property in Shrewsbury off the council. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
Me and my brother purchased a terraced Georgian property in Shrewsbury. Conveyancing practitioner represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shrewsbury and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who conducted the work.
I need to instruct a conveyancing solicitor in Shrewsbury for my purchase. Can I check a firm’s record with the profession’s regulator?
One can search for published Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.